That'll show them gambling traders!
OOO I Just increaed my 401k matching with 3%
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NICE BRO JUST WAIT UNTIL YOUR 59 TO GET ALL THOSE SWEEEET GAINZ
401k matching is a good deal though, it's free money
Why not match your employer in a 401k then daytrade in a tax advantaged account with post tax money?
401k match is literally an instant 100% return on investment you retard.
Good post
maybe he should look into the concept of "stop loss"
LINK is 10x
This. Get the guaranteed money first where you can get it.
That said, depending on your state a taxable account can be more tax efficient than a tax-deferred account if you do long term investing for dividends.
Too late.
Whatever money I put into my employers stock, they’re willing to match it by 15%
I’m not sure if I should even bother
>Ever selling stock once you've bought it
key word is "instant"
OP doesn't actually understand what he's saying, the sentence is nonsense.
Always max out employer match. It's literally free money.
FUCK stoplosses.
>stock drops 5% in one volatile day, triggers stoploss, ends flat.
wow I sure am glad I exited that position at the lows for the session!
Right on bro. You fucking show them with your 2.8% return!
Matching is free money kek. That said, ETFs are for faggots.
Trailing 10% stop loss. If it dumps 10% in a day, you don’t want it.
this meme is funny even though he's right
Then it shoots up 15% after you dump it. I've been down more and held and have made it back each time. Then again I have blue chip type stocks.
Survivorship bias
Plenty of times it never climbs back
Been holding theses for awhile.
Oil: XOM, RDSB, CVX, COP, HAL
Defense: AVAV, KTOS, GD, LMT, RTX
Tech: AAPL, MSFT
Consumer: KO
Medical: PFE, GSK
No bias when these will survive. Sorry you have meme stocks.
Also have V, SWK
lol my company (NXGN) just suspended all merit increases for the year and also suspended 401k matching. Probably pay cuts, furloughs, and layoffs are next
401k matching is literally GAURANTEED 100% gains
why would you NOT take those odds?
stop losses are for bums who sleep during the day
yeah... but with fees and shit the "free" 4% match comes out to more like 2%
then you're fucking up and should look into other options, some people have written extensively on workarounnds and how not to get fucked
Only real problem is that it's not roth, so you'll end up with half in a Roth 401k, and half in a regular 401k.
>source: my ass